Sergiy Gorovyy holds a Ph.D in Business (Finance and Economics) from Columbia University, Graduate School of Business. He joined Morgan Stanley in 2011.
Patrick J. Kelly is an Associate Professor of Finance at the New Economic School in Moscow. Professor Kelly earned his Ph.D. in Finance and Master Degree in Economics from the W.P. Carey School of Business at Arizona State University. He has been a visiting scholar at the University of Texas at Austin, a visiting lecturer in the Ph.D. program at the University of Melbourne and an Assistant Professor at the University of South Florida where he won awards for both his teaching and research.
He has published articles on these topics in top academic journals including the Review of Financial Studies and the Journal of Banking and Finance.